Whether you have a little bit of debt or a lot, managing it wisely and ultimately paying off what you owe can be crucial to your financial well-being. The Fall 2017 FDIC Consumer News suggests ways to handle different kinds of debt, including:
• What to do if you're struggling to pay your loans, credit cards or other bills
• Tips on financing a car and getting the best terms possible for an auto loan
• Information on why your credit card interest rate can go up and how to deal with rate increases
• Things to consider before co-signing a student loan, which can be risky because you are promising to pay the loan back if the student-borrower fails to do so.
For help with these and other common debt struggles, visit www.fdic.gov/consumers/consumer/news/cnfall17, with e-reader and portable audio (MP3) versions forthcoming. Additionally, in the coming weeks a Spanish-language version will be posted at www.fdic.gov/quicklinks/spanish.html.